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Geneos Wealth Management Inc. Sells 397 Shares of Zillow Group, Inc. (NASDAQ:ZG)

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Geneos Wealth Management Inc. reduced its position in shares of Zillow Group, Inc. (NASDAQ:ZG) by 7.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,600 shares of the technology company’s stock after selling 397 shares during the period. Geneos Wealth Management Inc.’s holdings in Zillow Group were worth $420,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc grew its holdings in shares of Zillow Group by 0.9% during the second quarter. Legal & General Group Plc now owns 336,733 shares of the technology company’s stock worth $41,260,000 after purchasing an additional 2,850 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Zillow Group by 27.0% in the second quarter. Wells Fargo & Company MN now owns 75,227 shares of the technology company’s stock valued at $9,217,000 after acquiring an additional 15,970 shares during the last quarter. Morgan Stanley boosted its holdings in Zillow Group by 1.4% in the second quarter. Morgan Stanley now owns 3,106,104 shares of the technology company’s stock valued at $380,590,000 after acquiring an additional 41,842 shares during the last quarter. Raymond James & Associates boosted its holdings in Zillow Group by 1.7% in the third quarter. Raymond James & Associates now owns 213,246 shares of the technology company’s stock valued at $18,889,000 after acquiring an additional 3,602 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in Zillow Group by 122.6% in the second quarter. Panagora Asset Management Inc. now owns 10,448 shares of the technology company’s stock valued at $1,280,000 after acquiring an additional 5,754 shares during the last quarter. Institutional investors own 20.58% of the company’s stock.

ZG has been the topic of several recent analyst reports. Jefferies Financial Group dropped their price target on Zillow Group from $150.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, November 3rd. BTIG Research reissued a “hold” rating on shares of Zillow Group in a research note on Sunday, December 5th. TheStreet lowered Zillow Group from a “c-” rating to a “d+” rating in a research note on Thursday, December 2nd. Benchmark dropped their price target on Zillow Group from $200.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, November 3rd. Finally, Stifel Nicolaus dropped their price target on Zillow Group from $105.00 to $85.00 and set a “hold” rating on the stock in a research note on Wednesday, November 3rd. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $127.76.

ZG stock opened at $54.65 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.31 and a current ratio of 2.52. The company has a market capitalization of $13.93 billion, a price-to-earnings ratio of -62.82 and a beta of 1.44. Zillow Group, Inc. has a fifty-two week low of $52.31 and a fifty-two week high of $212.40. The stock has a fifty day moving average of $59.13 and a 200-day moving average of $85.24.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Tuesday, November 2nd. The technology company reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($1.09). The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Zillow Group had a negative return on equity of 3.07% and a negative net margin of 4.36%. Equities analysts predict that Zillow Group, Inc. will post -2.15 EPS for the current year.

About Zillow Group

Zillow Group, Inc engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media & Technology (IMT), Homes and Mortgages segment. The IMT segment includes premier agent, rentals and new construction marketplaces, as well as dotloop, display and other advertising and business software solutions.

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